News

BNL Property Acquisition: BluePearl

Broadstone Net Lease has acquired one property tenanted by BluePearl Veterinary Partners, located in Virginia Beach, Virginia. The property was acquired via a sale leaseback transaction, and carries an initial 15-year lease term.

BluePearl, a subsidiary of Mars Inc., operates emergency and specialty veterinary hospitals based in the U.S., with 53 locations in 18 states. BNL currently owns three BluePearl properties in three states.

  • Closing Date: May 12, 2016
  • Square Footage: 12,602
  • Lease Type: Triple-net
  • Lease Length:  15 years
  • Rent Increases: 2.15% annually
  • Broker/Source: Josh Pardue/Stan Johnson Co.

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).